CASSIAR GOLD CORP Corporate Presentation - January 2022
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CASSIAR GOLD CORP Corporate Presentation – January 2022
Disclaimer Disclaimer: This presentation does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein. The sole purpose of this presentation, in paper or electronic form, is strictly for information purposes as of November 2021. Neither Cassiar Gold Corp. (“Cassiar Gold” or the “Company”) nor any of its current or proposed directors, officers, owners, managers, partners, consultants, employees, affiliates or representatives, make any warranty or representation, whether express or implied, or assume any legal liability or responsibility for any action taken in reliance upon this presentation, or for the accuracy, completeness, or usefulness of any information disclosed in this presentation. The information contained herein has been prepared to assist interested parties in making their own evaluation of the Company and its business and does not purport to contain all the information that prospective investors may require. Prospective investors should conduct their own investigation and analysis of the Company and its business and the information contained in this presentation as well as any additional information provided by the Company. The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. A recipient of this presentation should consult his or her tax, legal accounting or other advisors about the matters discussed herein. An investment in the Company is speculative and involves a high degree of risk The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. Statements in this presentation other than purely historical information including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. This presentation contains certain forward-looking information or forward-looking statements (collectively, "Forward-Looking Statements“) within the meaning of applicable Canadian securities legislation. Such Forward-Looking Statements include statements regarding: expectations on the size of resource on the Company’s properties, timing of ability to obtain resources reports and preliminary economic assessments, plans for mineral processing, timing and ability to raise capital and use of proceeds of such financings, long term acquisition and developments plans, and the ability to enter into acquisition or option agreements and the timing and terms of same, Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this presentation. Except as required by Canadian securities law, neither the Company nor its management is under any obligation, and does not undertake, to update any of this information at any particular time. Neither the Company nor its management assumes any obligation to update or revise forward-looking statements should circumstances or estimates or opinions changes. The 2019 Cassiar project resource estimate (dated November 12, 2019) was prepared for Cassiar Gold Corp. according to NI 43-101 standards. The Table Mountain resource estimate was done for a previous operator according to NI 43-101 standards. Readers are cautioned that the Table Mountain resource estimate has not been verified by Cassiar Gold, and is considered historical in nature. There is no current or historical resource for the Cassiar tailings deposit. FOFI Disclosure: This presentation contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about the Company’s prospective capital structure, enterprise value, EBITDA, revenue, expenses, profit and components thereof, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth in the above paragraphs. FOFI contained in this presentation was made as of the date of this presentation and was provided for the purpose of providing further information about the Company’s anticipated future business operations. The Company disclaims any intention or obligation to update or revise any FOFI contained in this presentation, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained in this presentation should not be used for purposes other than for which it is disclosed herein. Qualified Person: Kaesy Gladwin, VP Exploration for the Company, is a "Qualified Person" as defined under NI 43-101 and has reviewed and approved the technical content of this document. TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 2
Multi-Million Ounce Potential in the Heart
of the Historic Cassiar Gold District
SIGNIFICANT RESOURCE WITH SUBSTANTIAL GROWTH POTENTIAL
100% owned, 59,000-hectare district-scale with multi-million-ounce potential
NI43-101 Inferred Resource1 of 1.0 Moz at 1.43 g/t Au at Cassiar North; high-grade vein targets grading 15-25 g/t Au with
historical resources at Cassiar South
SAFE MINING JURISDICTION AND EXISTING INFRASTRUCTURE
District-scale orogenic gold deposit in the safe jurisdiction of British Columbia, Canada
Highway access, permanent camp, mine permits, permitted 300 tpd mill, 25km underground workings, 160km access roads
WORLD-CLASS LEADERSHIP TEAM
Diverse and successful group of geologists, engineers, operators, marketing and capital markets professionals
28% insider ownership and 25% institutional ownership
COMMITTED TO LEADING WITH SUSTAINABILITY
Collaborative relationship with Kaska Dena First Nations and Community, local hires and numerous local contractors
Investigating economic reprocessing of historic tailings ponds in partnership with Streamkeepers
ATTRACTIVE VALUE UPSIDE
C$54.3M Market Cap* with high leverage to the gold price
Potential M&A target in a highly supportive mining jurisdiction in Northern BC, Canada
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 *As of January 28, 2022 3
Prolific Mining Jurisdiction With Infrastructure Access
Two important orogenic gold districts in BC:
1 Cassiar Gold FLAGSHIP PROPERTY
100% owned, 59,000 ha property with +15 km strike of gold targets
Site of historical Cassiar Gold Rush with total historic gold production of
425,000 oz
CASSIAR NORTH: NI43-101 Inferred Resource estimate of +1 Moz Au @
1.43 g/t Au1 with significant resource expansion potential
CASSIAR SOUTH: Multiple high-grade (+15 g/t Au) vein targets
with access from 25 km of underground workings
2 Sheep Creek
2nd largest past-producing orogenic gold district in BC
Historical gold production (1899 - 1951) of 736,000 oz Au @ 13 g/t
Au average grade3
Excellent exploration potential - No work conducted in 2021; drill
program planned for 2022
1 Zelligan, 2019. National Instrument 43-101 Technical Report on the Cassiar Gold Property (Amended), prepared for Margaux Resources Ltd., revised Nov. 12, 2019.
2 Cowley, 2017. Technical Report on the Cassiar Gold Property, British Columbia, Canada, for China Minerals Mining Corp, June 26, 2017, revised Oct. 2, 2017, and references therein.
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 2 Matthews, W.H., 1953. Geology of the Sheep Creek camp, British Columbia Department of Mines, Bulletin No. 31, 94 p. 4
Key Board, Management & Advisors
+30 yrs in extractive resource sector +15 yrs of international finance experience including banking, capital
President & CEO of IAMGOLD (CAD$2Bn mkt cap) from 2010-2020 markets, venture capital and corporate advisory
STEPHEN LETWIN Previously Executive VP Gas Transportation & International with Enbridge MARCO ROQUE Co-founder of Reyna Silver & Infinitum Copper; Advisor of Emerging
Chairman Inc., President & COO of TransCanada Energy President & CEO Markets Capital, a Hong Kong Mining Investment firm
Former banker at Millennium BCP and Barclays Capital
+30 yrs experience in exploration and mine operations in British Columbia +39 yrs of mineral exploration experience including 18 years as
as a professional geologist Exploration Manager for Bema Gold Corp. and B2GOLD
STEVE ROBERTSON Received 2016 E.A. Scholz Award for Excellence in Mine Development for VERN SHEIN Specialty in advancing exploration programs through Preliminary
Director his role in the development/permitting of Imperial Metals’ Red Chris mine VP Exploration Economic Assessment, Feasibility Study and into production
Former President and CEO of Sun Metals Managed exploration through production at Kupol Mine in
Russia, Jabali Mine in Nicaragua and Montana open-pit
in the Philippines
+25 yrs as a Mining Engineer & Turnaround Specialist +25 yrs of experience in the mining industry as a renowned orogenic gold
President & COO McEwen Mining (CAD$800 M mkt cap) expert and consultant for major mining companies
CHRIS STEWART Track record for successful new mine advancement and development DAVE RHYS Conducted direct, field-based geological studies on deposits collectively
Director and optimization of existing mines in Canada and abroad Technical Advisor containing >600Moz and >2Boz Ag including deposits in the Carlin Trend
and the Abitibi Greenstone Belt
+49 yrs of international exploration experience +20 yrs experience as professional geologist
Previous Executive VP for Ivanhoe Mines Limited from 1995-2012 VP Exploration for First Mining Gold and former Exploration Director of
DOUG KIRWIN Member of the joint discovery team for the super-giant Hugo Dummett JAMES MAXWELL Sabina Gold & Silver Corp
Technical Advisor deposit at Oyu Tolgoi in Mongolia Technical Advisor Co-Award winner of North-western Ontario Prospectors Association
Co-recipient of the 2004 PDAC's Thayer Lindsley Award Discovery of the Year award
1https://cassiargold.com/system/uploads/CGC-NewsRelease-20201231.pdf, 2https://cassiargold.com/system/uploads/20201013164919MRL-NewsRelease-08112020.pdf, 3https://cassiargold.com/system/uploads/20201105124417CSC-Newsrelease-20201105.pdf
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 5
Attractive Valuation Upside with
Strong Insider & Institutional Ownership Support
Capital Structure (CAD) Shareholders
TSX.V: GLDC | OTCQX: CGLCF | FRA:756 100%
Insiders: Board,
Shares Outstanding 62,455,568 90% Management
and Advisors
Options, RSUs/DSUs1 5,304,000 80%
25%
Warrants2 23,268,837 70%
Fully Diluted 91,028,405 Institutional
60%
25%
Price per Share* $0.92
50%
Market Capitalization* $54.3 M
40% Retail & Others
Cash Position (Sept 30/21) $3.5 M 47%
30%
*as of January 28, 2022
20%
Analyst Coverage
10%
Koby Kushner
kkushner@redcloudsecurities.com 0%
1 Options priced between $0.45-$1.25 with expiry between February 2022 to August 2026. See Appendix for more details.
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 2 Warrants priced between $0.60 -$0.90 with expiry between Dec 2021 to Aug 2023. Potential proceeds from warrant exercise is $18.6M. See Appendix slide for more details 6
Committed to our Communities & Sustainability
Cassiar Gold acknowledges, respects, and supports
the rights of the Kaska Dena First Nations on the
OUR VALUES
lands and communities where we operate.
Community Engagement
Over the past two years, Cassiar Gold has engaged Our company and crew are dedicated to the communities we live
in, the communities we work with and the lands we work on. We
with our local community to support initiatives strive for our personal and professional lives to reflect our values:
such as the construction of a local hockey rink, local volunteering our time and resources for several local groups &
organizations and maintaining strong community pride.
hires, site clean up/assessment.
Organizations that our team members are activity
Environment
We pride ourselves on learning, listening and collaborating on the
involved with: highest level of environmental standards. Our partnerships with
local environmental groups expand our knowledge and resource
Chamber of Mines - Board member base to constantly strive for the best in our personal lives, our
office operations and our field work.
Columbia Institute for Renewable Energy -
Board Member
Local Economic Impact
From the people we hire, to the businesses we support, we are
connected to the local economy. Local, non-discriminatory hiring
Volunteer Fire Department - Volunteer and the use of local suppliers and businesses connect us with our
communities. Our team members are dedicated to strengthening
Bear Smart Community and Streamkeepers the local economy, not only in our purchasing and hiring, but also
Society - Supporters through our volunteer organizations and lifestyles.
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 7
Cassiar Gold Property Overview
100% owned, 59,000-hectare district-scale orogenic gold system
in highly supportive jurisdiction of northern BC, Canada
CASSIAR NORTH
Bulk-Tonnage Disseminated &
High-Grade Vein Targets Advanced infrastructure benefits: Provincial Hwy 37 bisects the
property, permitted 300 tpd mill (gravity/flotation) on site, 160
km of property access roads, 25 km of underground workings,
Snow Creek permanent camp and water
TWO KEY PROJECT AREAS:
1) CASSIAR NORTH (North of Hwy 37): near-surface, bulk-
tonnage Taurus Deposit hosting 1 Moz Au @ 1.43 g/t Au
CASSIAR SOUTH 2) CASSIAR SOUTH (South of Hwy 37): Past-producing high-
High-Grade Vein Targets
(15-25 g/t Au)
grade quartz vein deposits (+15 g/t Au) open along strike;
similar mineralization style to Barkerville and Fosterville
Multi-million-oz gold resource potential with ~25 high-grade
and bulk-tonnage targets across property
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 8
Cassiar Gold Terrain
View of property area looking south from the Lucky prospect in the northwestern project area
Cusac and
Cassiar South Area Bain Portals
30-Person Camp Main Mine Portals
Hwy 37
Taurus Deposit Areas
Core Facility Mill Site
Former Taurus
Wings Canyon and Office and TMF
Mine Site
Target
Cassiar North Area
N
TSX.V:GLDC
TSX.V:GLDC | OTC:
| OTCQX: CGLCF
CGLCF | FRA: 756 9
Advanced Infrastructure & Mine Permits in Place
In addition to having exploration permits, there are two active
mine permits on the property (green/orange areas on map):
1. Taurus Gold Mine Permit covers Taurus deposit, tailings pond
(500,000 tonnes @ 0.97 – 1.25 g/t Au) and mill
2. Cassiar South (aka Table Mountain) Permit covers all past-
producing mine areas
Permitted 300 tpd mill produced both gravity and flotation
concentrates that were sold offsite. Recoveries averaged 93% at
Cassiar South veins with room for optimization.
Mill was rebuilt in 1986 and was in production until 2007 and
refurbished in 2010.*
Permitted Erickson Mill Facility, Cassiar Gold Project
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 *Source: October 2017 NI43-101 Technical Report by Paul Cowley, P.Geo 10Multi-Million Ounce Discovery Potential
Cassiar Gold Property - Schematic Longitudinal Section, Looking West
~15km Trend
CASSIAR SOUTH CASSIAR NORTH
High-grade
High-GradeVein Targets
Vein Targets Bulk Tonnage Disseminated
& High-Grade Vein Targets
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 11Cassiar North: Taurus Gold Deposit
2019 NI 43-101 Taurus Inferred Mineral Resources1
Past production of 34,000 oz at a recovered grade of 3.8 g/t
Au g/t Cut-off Tonnes Au (g/t) Au (oz)
Au2 at the Taurus underground mine from 1981-1988.
0.50 29,970,000 1.20 1,161,000
0.60 25,650,000 1.32 1,084,000
0.70* 21,830,000 1.43 1,005,000
NI43-101 compliant 2019 Inferred Mineral Resource Estimate
0.80 18,770,000 1.54 931,000 of 1Moz @ 1.43 g/t Au using 0.70 g/t cut-off grade.
0.90 16,000,000 1.66 855,000
* A cut-off of 0.7 g/t was chosen based on the results of metallurgical and rock-sorting studies. Favourable topography, good access, open-pittable, flat-lying
Taurus Resource Gradeshell mineralization from surface to 250 m depth
Mineralization is only constrained by drilling and is open
laterally in all directions and at depth
Taurus Deposit - Long section 6570370N, looking north
Mineralization 900m
open laterally
100 m
Topography
0.5 g/t Au cut-off grade shells
Sedimentary Contact
Taurus Shear
1 Zelligan, 2019. National Instrument 43-101 Technical Report on the Cassiar Gold Property (Amended), prepared for Margaux Resources Ltd., revised Nov. 12, 2019
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 2 Historical production figures from Taurus MINFILE Production Detail Report, file number 104P 012, BC Geological Survey. 12Taurus Gold Deposit: Highlights of 2020 Drilling
5,000-metre drill program in 2020 successfully extended mineralization
between past drill holes to confirm continuity of mineralization
Additional exploration targets were drilled which encountered
mineralization, including 10 m @ 1.80 g/t Au at Wings Canyon Target
Highlights from 2020 drill program include:
Hole ID Length Au Target
20TA-102 17.60 m 1.00 g/t Au
20TA-104 14.85 m 2.27 g/t Au
20TA-107 6.81 m 2.40 g/t Au Taurus Infill1
20TA-108 23.75 m 1.79 g/t Au
20TA-112 4.8 m 3.90 g/t Au
20TA-109 13.69 m 1.29 g/t Au
20TA-110 11.35 m 3.71 g/t Au
Taurus West Fault Hanging
20TA-111 29.65 m 0.97 g/t Au
Wall2
20TA-118 15.25 m 1.45 g/t Au
20TA-119 32.79 m 1.78 g/t Au
20TA-106 8.70 m 1.45 g/t Au Wings Canyon2
20TA-115 76.28 m 1.00 g/t Au
20TA-116 18.22 m 5.43 g/t Au
Sable3
20TA-121 15.90 m 1.34 g/t Au
20TA-122 9.80 m 1.66 g/t Au
20TA-114 83.42 m 1.20 g/t Au
Central Taurus3
20TA-120 9.59 m 2.51 g/t Au
20TA-124 3.98 m 2.71 g/t Au North Taurus3
1 https://cassiargold.com/system/uploads/20201110094016CGC-NewsRelease-20201110.pdf, 2 https://cassiargold.com/system/uploads/20201201060742CGC-NewsRelease-20201201.pdf
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 3 https://cassiargold.com/system/uploads/20201208060418CGC-NewsRelease-20201208.pdf 13Taurus Gold Deposit: Mineralization Styles Outcropping mineralization with low potential strip ratio Veins have envelopes of coarse pyrite-Fe-carbonate and contain accessory tetrahedrite, arsenopyrite and native Au Vein density, alteration intensity and shear zone distribution aid in defining and modeling higher grade Free gold in extension vein (T4), Free gold in extension veins, Sheeted veins in discrete T3 carbonate-pyrite corridors of mineralization drill hole TA09-25 drill hole TA09-41 alteration Two Mineralization styles: 1) ENE trending, steeply dipping sets of sheeted quartz extension veins associated with steep, WNW trending shear zones 2) Broad zones of disseminated pyrite-mineralization in carbonate altered mafic volcanic rocks surrounding structures, especially near Taurus West Fault Historical Taurus Underground Portal 88 Hill extension veins Vein with T3 coarse pyrite envelope TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 14
Taurus Gold Deposit: 2021 Drill Campaign
15 holes totalling 4,098 m (expanded from 3,000 m program)
Aimed at defining/confirming higher-grade mineralized areas where
historical drilling was widely spaced (~100 m apart) and to test the
potential for expansion of the deposit footprint laterally and at depth
EXCEPTIONAL RESULTS AS HIGHLIGHTED BELOW 1,2,3,4 :
Hole ID From Length Au Target
21TA-129 16.9 m 23.2 m 3.56 g/t Au
21TA-125 123.4 m 13.1 m 3.53 g/t Au 88 Hill &
21TA-125 70.2 m 37.8 m 1.80 g/t Au Gap Zones
21TA-125 9.9 m 52.3 m 1.16 g/t Au
21TA-134 172.9 m 45.5 m 2.40 g/t Au
21TA-132 180.1 m 45.6 m 1.83 g/t Au
Northwest Zone
21TA-134 98.2 m 35.5 m 1.59 g/t Au
21TA-118 24.7 m 41.3 m 1.05 g/t Au
21TA-135 194.2 m 34.9 m 2.56 g/t Au
21TA-128 11.0 m 118.6 m 1.01 g/t Au West Zone
21TA-128 349.7 m 45.3 m 1.29 g/t Au
21TA-138 12.7 m 46.5 m 1.12 g/t Au
21TA-137 21.3 m 119.0 m 0.72 g/t Au Southwest Zone
21TA-139 11.0 m 150.7 m 0.65 g/t Au
*Significant results based on a >0.5 g/t cutoff Distribution of 2021 drill holes at Taurus deposit. Surface projection of 2019
0.5 g/t Au grade shell is shown for reference (from Zelligan, 2019). Blue box in
1 https://cassiargold.com/system/uploads/CGC-PressRelease-20211122.pdf , 2 https://cassiargold.com/system/uploads/CGC-
PressRelease-20211115.pdf, 3 https://cassiargold.com/read/auto-news-1641472200, 4https://cassiargold.com/read/auto-news-
inset map shows location within the overall Cassiar Gold property.
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756
1641997392
15Taurus 2021 Drill Results – 88 Hill & Gap Zones Four holes drilled in the central portion of the Taurus deposit successfully confirm the presence of continuous zones of higher-grade, shallow (
Taurus 2021 Drill Results – Northwest Zone Five holes drilled in the Northwest Zone successfully confirm the presence of continuous zones of higher-grade, shallow (
Taurus 2021 Drill Results – West Zone
Three holes drilled in the West Zone confirmed the potential for the resource to expand at depth (hole 21TA-128)
and internally between gaps in the known resource.
Vertical north-south section looking west through drillhole 21TA-128. A Vertical section showing 21TA-135 and 21TA-136 at West Taurus, looking southwest. A
slice through the 2019 0.5 g/t Au gradeshell is shown for reference (from slice through the 2019 0.5 g/t Au gradeshell is shown for reference (from Zelligan, 2019).
Zelligan, 2019).
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 1 Zelligan, 2019. National Instrument 43-101 Technical Report on the Cassiar Gold Property (Amended), prepared for Margaux Resources Ltd., revised Nov. 12, 2019 18Taurus 2021 Drill Results – Southwest Zone
All three holes returned substantial intervals of gold mineralization from surface
Includes a step-out drill hole (21TA-139) located over 100 m from the resource model which intersected 150.7 m of 0.65 g/t Au from
11 m downhole, significantly expanding the deposit footprint and further indicating that mineralization is open to the south.
Vertical north-south section looking west through drillholes 21TA-137 and 21TA-138. A Vertical section through drillhole 21TA-139 at Southwest Taurus, looking west-southwest. A sectional view
sectional view through the 2019 0.5 g/t Au resource gradeshell1 is shown for reference through the 2019 0.5 g/t Au resource gradeshell1 is shown for reference
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 1 Zelligan, 2019. National Instrument 43-101 Technical Report on the Cassiar Gold Property (Amended), prepared for Margaux Resources Ltd., revised Nov. 12, 2019 19Cassiar South: High-Grade History
Historical production of ~316,000 oz (1979-1997) from four vein 2010 Table Mountain Historical Resource Estimate*
systems and 17 portals with recovered grades of ~10-20 g/t Au with Category Tonnes Au g/t uncut Gold oz uncut
mine dilution Indicated 21,471 18.02 13,650
Inferred 65,757 24.30 56,360
2010 Historical Resource of ~70,000 oz grading >18 g/t Au adjacent to
Cut-off grade = 3.0 g/t Au
existing mine workings was never exploited and opportunity exists to
confirm and expand the resource for near-term production
THE OPPORTUNITY: Many past-producing vein systems open along
strike; other known vein targets not adequately explored; potential
for veins to be discovered lateral to and below known veins
Sample from Cassiar South area: massive, coarse quartz with massive sulfide and networking visible gold stringers
Past Production from High-Grade Veins (BCGS Minfile)
Ave. Grade
Veins Year Mined Tonnes Oz Gold
Gold g/t
Jennie-Maura-Alison-Bear
(Main) 1979-1988 300,000 17.14 150,000
Eileen-Michelle-Lily (Cusac) 1986-1997 150,000 20.57 90,000
West Bain (Bain) 1993-1995 60,000 13.71 24,000
Vollaug (Vollaug) 1980-1997 170,000 10.29 50,000
Bear (Main) 1998 - - 1,000
Rory (Main) 2006-2007 6,500 3.43 651
15.76 315,651
East Bain Mine Portal
* Pearson and Bakker, 2010. Technical Report on the Table Mountain Property – Liard Mining District, B.C., for Hawthorne Gold Corp. Please note that this resource estimate was prepared for a previous operator. While it was
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 completed in compliance to NI 43-101 standards, Cassiar Gold has yet to verify this resource and considers it a Historical Resource. 20Cassiar South: Classic Orogenic Gold Veins
Quartz-carbonate pyrite-tetrahedrite + visible-gold-bearing shear Schematic section, Main
veins with moderate-to-steep north and locally south dips in mafic Mine, looking west
volcanic rocks C
Veins occur in competent mafic rocks and branch off gently dipping A
thrust surfaces (shear zones) that are localized along carbonate
altered ultramafic (listwanite) and sedimentary units.
Veins are spaced 10s to 100s of meters apart and stacked in multiple
mafic units -- potential for untested vertical and lateral repetition
B
Mined veins typically ranged from 0.5-4 m thick with 30-150 m dip
lengths and strike lengths locally of >600 m (eg. Bain, Vollaug)
Quartz with gold + pyrite bands West Bain vein AA Main Mine Shear Vein B Listwanite
Listwanite shear shear zone with
zone with C C
quartzquartz vein,area
vein, Bain Bain area
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 TSX.V:GLDC | OTC: CGLCF 21 21Cassiar South: 2021 Drill Program
2021 drill program consisted of 7,191 m in 19 holes
Aimed at testing: (1) lateral and down-dip extensions of historically
producing vein areas; (2) high-grade targets in prospective high-
potential open and previously untested areas of favourable geology
Initial results from the Bain Vein include 4.8 m of 35.1 g/t Au,
including 0.4 m of 270.0 g/t Au; and 6.4 m of 12.6 g/t Au,
including 2.95 m of 25.7 g/t Au.
Potential to Results from 13 more holes pending
test for
parallel, blind
veins and vein
extensions
Vertical long section looking southeast at the Bain vein system with 2021 Cassiar South initial drillhole
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 results 22Upcoming Catalysts
Cassiar South Drill Results Aggressive 2022 Drill Campaign Project Diversification with
in Q1/2022 at Cassiar Gold Property Sheep Creek Project
• Planning underway for a • Located on the same inland
• 13 holes pending from the 20,000-30,000 m drill program orogenic gold belt as Cassiar
East Bain, Cusac, Bridge, in 2022 covering both Cassiar Gold and Cariboo-Barkerville
Hot and Vollaug veins North & Cassiar South
• Past production of 736,000 oz
• Anticipated drilling breakdown: Au grading 13 g/t Au – high-
- 40-50% on Cassiar North grade vein systems similar to
- 40-45% on Cassiar South Cassiar South project area
- 10-20% on regional targets • Drill program being planned in
2022
TSX.V:GLDC
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| FRA: 756 2020 Drilling at Cassiar Gold Project 232022 Exploration Plans for Cassiar North
More aggressive exploration program planned in 2022 aimed at:
1) Stepping out beyond the resource and defining higher-grade
corridors internal to the deposit to expand/upgrade the resource
Snow Creek
2) Testing of nearby high-priority regional targets including Wings
Canyon, Lucky and Snow Creek (see below)
Wings Canyon: Extensive Lucky: sub cropping veins Snow Creek: sheeted Taurus
quartz veining, 2018 drilling with large multi-element soil style vein sets over >1.4 km
includes 128.5 m of 0.56 g/t anomaly, high on ridge strike length
Au and 90.6 m of 0.55 g/t Au
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 24Comparables
$1,600.00 Enterprise Value EV/Oz $610.00
$1,400.00
$510.00
$1,200.00
Enterprise Value (million $CAD)
$410.00
$1,000.00
EV/oz
$800.00 $310.00
$600.00
~C$56 EV/Oz substantially
below peer average $210.00
$400.00 Average EV/oz = $118.51 /oz
$110.00
$200.00
$0.00 $10.00
GBR.V* NFG.V* SKE.TO KRR.TO ODV.V SBB.TO PGM.V AOT.TO PRB.V CYL.AX ITR.V BTR.V FVL.TO WGO.V GLDC.V FSX.V*
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 *No resource estimate; no EV/oz value As of January 14, 2022 25Summary
SIGNIFICANT RESOURCE WITH SUBSTANTIAL GROWTH POTENTIAL
SAFE MINING JURISDICTION AND EXISTING INFRASTRUCTURE
WORLD-CLASS LEADERSHIP TEAM
COMMITTED TO LEADING WITH SUSTAINABILITY
ATTRACTIVE VALUE UPSIDE
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 26Appendix
The Rich History of Cassiar Cassiar Gold Rush Heritage Sign, ©letsridebikes.ca
Discovery of placer gold at McDame Creek started the gold rush in the area,
1872
where a record-breaking 72 oz gold nugget was found
1934
Discovery of first gold-bearing quartz veins followed by ~40 years of only small-
scale mining of various operators
Start of larger mining operations that took place at (South Cassiar) Main, Cusac,
1979 Bain and (North Cassiar) Taurus mines producing a total of 350Koz gold in total
until 1998
1994 Discovery of Taurus West deposit by International Taurus Resources
Consolidation of the entire Cassiar gold property by Hawthorne Gold. Drilling led
2008
to an updated resource estimates for both Taurus (North Cassiar) and Table
Mountain (South Cassiar)
2011 Hawthorne subsequently became Wildsky Resources, who continued exploration
of North and South Cassiar area until 2018
Margaux entered into an agreement to acquire 100% interest in the project. The
2019 company released a NI 43-101 compliant report for the current 1 Moz resource
estimate at Taurus1
2020 Margaux exercised its option to fully acquire the project and rebranded to Cassiar
Gold Corp. Cassiar Gold completed a 5,000 m-drilling program that confirmed the
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756
potential to increase the Taurus Resource 28Recent Key Milestones
Updated
Cassiar Project Cassiar South C$3.5M
New option exercised; and Cassiar financing Initial drill
management 5:1 share roll back David Rhys North completed led results from
Geological Uplisting to
team; C$4.5M and name change joins advisory by Crescat Cassiar North
Models OTCQX
financing to Cassiar Gold board Capital project area
Aug 2020 Oct 2020: Dec 2020 Mar 2021 Jun 2021 Oct 2021 Jan 2022
Jul 2020 Sept 2020 Nov 2020 H1/2021 May 2021 Aug 2021 Nov 2021
5,000-m drill C$6.5M Steve Letwin 11,000 m drill Initial drill All drill results
2020 drill
campaign at financing joins as campaign results from from Cassiar
campaign results
Cassiar North; completed Chairman; focused at Cassiar South North Released
Doug Kirwin Steve Cassiar North project area
joins Advisory Robertson & South
Board joins the
Board
TSX.V:GLDC
TSX.V:GLDC | OTC:
| OTCQX: CGLCFCGLCF
| FRA: 756 2020 Drilling at Cassiar Gold Project 29Geological Setting Cassiar Gold property located on inland BC orogenic gold belt (140-120 Ma) - a younger equivalent to geological setting in the Abitibi Greenstone Belt, West Africa and Western Australia (eg. Fosterville) Belt includes Cariboo-Barkerville (>5 Moz), Sheep Creek (0.7 Moz) and Cassiar Gold District (>0.4 Moz) Cassiar Gold District is hosted by the Sylvester Allochthon, a portion of the Slide Mountain ophiolitic terrane composed of stacked, shallow dipping thrust panels of Paleozoic to early Mesozoic mafic volcanic rocks, ultramafic sills and fine-grained siliciclastic sediments TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 30
Cassiar Property Geology
Host rocks are a stacked sequence of gently dipping competent mafic
volcanic rocks layered with weaker altered ultramafic (listwanite) and
fine-grained sedimentary units (ophiolite sequence).
Shallow dipping high strain zones with carbonate-sericite alteration
are localized along the weaker listwanite and sedimentary units,
acting as structural control and fluid conduits to vein systems
Gold-bearing veins formed in stacked mafic volcanic panels in NW-
side down, apparent normal shear zones that accommodate
displacement between weaker units.
Pillowed mafic volcanic Listwanite Carbonaceous sediments
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 31Capital Structure Breakdown
Options Schedule Warrant Schedule
Options Expiry and Price # Issued Warrant Expiry and Price # Issued
Feb 2022 @ 1.58 35,000
Jul 2022 @$0.60 11,973,880
Aug 2022 @ $1.50 162,000
Jun 2023 @$1.25 198,000 Jul 2022 @$0.70 2,448,371
June 2024 @ $0.50 585,000
Nov 2022 @ $0.90 4,785,848
Aug 2025 @ $0.75 1,150,000
Mar 2026 @ $0.60 1,764,000 Aug 2023 @ $0.675 5,833,332
Aug 2026 @ $0.45 150,000
Nov 2026 @ $0.79 650,000 Total 25,041,431
Nov 2026 RSUs & DSUs 610,000 Potential proceeds from the C$18,570,983
exercise of warrants
Total 5,304,000
TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 32Cassiar Gold Corp.
15th Floor, Bankers Court 850 2nd Street SW Calgary, AB
Follow us on: T2P 0R8
@CassiarGoldCorp
Contact:
Cassiar Gold Corp Shirley Anthony, VP Investor Relations &
@CassiarGoldCorp
Communications
E-mail: shirley@cassiargold.com
@CassiarGoldCorp Direct: +1 778 999 2771
Website: www.cassiargold.comYou can also read
